There's growing suspicion that S&P actually upgrades Sovereign "Debt" ratings periodically, just so they'll have something to downgrade when needed.
Does that remind you of recent interest in some quasi Federal institution?
S&P downgrades Japan's sovereign credit rating
Again? How many times is that now?
If a philosophical question lurks in a topic, but there's no media storm to hype it, is it still hidden from the bulk of news readers?
After all, what, exactly, does a Sovereign Fiat rating mean? Do ratings mean that all fiat is created equal, but some are rated more/less equal than others? On demand? As needed? Needed by whom, and for what?
Has the electorate of Japan ever skimped on fiat, because of someone else's rating?
On second thought, don't answer that. The answer might reveal more complications ... that no one will admit hearing of. :(
"I asked around, and everyone's out of paradigm."
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